Losing 2 pounds a WEEK? Only?

Must've weighed yourself with that glorious fake mustache.

This is MFP not Biggest Loser.

Elves come and force feed you cookies in your sleep.

No, seriously, you need to take a deep breath and not obsess over the scale. The two pounds a week is 2 pounds of body mass to lose (and is the MAXIMUM healthy goal most will recommend unless you have a LOT (as in well over 100 pounds) to lose. Your profile says you want to lose 25. My starting goal was 20 pounds to lose, and it took me about 6-8 weeks to get rid of the first 10. 5 of that was water I lost right away, after that I think I averaged between .75 and 1 pound a week, which is the most I'd recommend for someone with that little to lose.

And, speaking of water weight, the numbers on the scale will fluctuate a bit just due to how much fluid your cells are hanging on to. I know that the general advice is to weigh less often, but I find myself less obsessive about "how much am I losing" when I weigh myself very often. I step on the scale every night before bed and then every morning when I get up. That practice has given me some real awareness of water fluctuations in my body and now I see more clearly the downward trend in my weight. A single weekly data point gave me that "ACK, why are the numbers the same" feeling a couple of times, but now that I have all those data points, the long term downward trend is apparent. I feel much more successful.

Why are you in such a rush? 1500kcal sounds to be rather low for a male, especially one who is working out. I'm a smaller woman over 40 and I'm on 1400. I wouldn't recommend getting so low if it's making you feel like you're in a rush to lose the weight and "get it over with." That is how yo-yo dieters are made.

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WTG on 4 pounds. You didn't gain it all in 12 days, why would you expect to lose it that quickly???

Agreed with everyone else, but wanted to also mention that I discovered in the very beginning of my diet adventure, I too lost the first chunk of pounds rapidly. I would drop 1-2 pounds every few days for the first two weeks, and then I slowed down to a steady weight loss. A few months into my dieting, with natural diet habits setting me back sometimes, I would often go 4 weeks with no weight loss and then suddenly drop 2-4 pounds at once.
Being female, I likely have more hormonal fluctuations that contribute to my weight loss patterns than you would, not limited to female menstrual cycles making me bulk up water weight. And as others said, you WILL fluctuate some, even hourly, no way to avoid that. Weighing too often drove me mad. I was a twice a day weigher in the very beginning to start understanding how my body changes through the day, but at this point I weigh about twice a week in the morning and I find that very satisfying.

Remember as your weight drops, you have to adjust your goal caloric intake. I agree that 1200 calories a day for a grown exercising male will not be sustainable for you, you will likely go mentally mad as quickly as you begin the path of malnourishment. I am at 1200 calories myself at this point, no part of my caloric restrictions thus far has been easy on me mentally. I am glad that I generally enjoy healthy, natural foods.